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Open thread Dec. 15, 2015

Dan Crawford | December 15, 2015 7:22 pm

Tags: open thread Comments (4) | Digg Facebook Twitter |
4 Comments
  • bkrasting says:
    December 15, 2015 at 8:13 pm

    A new (updated) report from CBO on SS was released today. Some interesting conclusions, including:

    =The year of combined TF exhaustion is 2029 Vs 2034 from SSA.

    -CBO concludes that the Immediate and Permanent tax increase to stabilize SS is up to 4.4% (vs 2.7% from SSA).

    These are very big discrepancies. CBO comments on the disagreement in outlooks:

    The Social Security trustees estimated in 2015 that the
    program’s 75-year actuarial shortfall was 2.7 percent of
    taxable payroll, 1.7 percentage points less than CBO
    estimates. The larger shortfall projected by CBO stems
    mostly from three areas of difference between the Social
    Security trustees’ and CBO’s projections: CBO antici-
    pates that life expectancy will increase somewhat more
    rapidly, the incidence of disability will be a little higher,
    and interest rates will be 0.6 percentage points lower in
    the long run.

    Some 35 alternatives to address the shortfalls at SS are evaluated. No single solution fills the bucket. Not surprisingly, eliminating the cap and changing the formula are the most effective alternatives.

    The report:

    https://www.cbo.gov/sites/default/files/114th-congress-2015-2016/reports/51011-SSOptions.pdf

    • Bruce Webb says:
      December 16, 2015 at 3:56 am

      Thanks Krasting. Didn’t actually see this before putting up my new post. But credit goes to the first poster. So kudos!

  • Marko says:
    December 16, 2015 at 3:01 am

    GIVING MONEY TO PEOPLE IS THE ONLY WAY, SAYS FRENCH BANK’S CHIEF ECONOMIST

    http://www.qe4people.eu/natixis_helicopter_money_is_the_only_way

  • Marko says:
    December 17, 2015 at 9:27 pm

    A Christmas Letter from the Fund Industry

    http://www.evidenceinvestor.co.uk/christmas-letter-fund-industry/

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